IMPROVING EMPLOYEE BENEFITS TO ATTRACT AND RETAIN TALENT BY LORI PREVE LICENSED INSURANCE PRODUCER, NHADA Employers are continuously seeking ways to enhance their benefits packages to attract and retain top talent. Striking a balance between comprehensive plan offerings and affordable premium costs is crucial. It’s important for employers to ensure that the benefits they provide are both valuable and financially accessible for the company and its employees. For instance, if the deductibles on a healthcare plan are prohibitively high, employees might avoid necessary medical visits, negatively impacting their overall well-being and productivity. At NHADA, we specialize in helping our members select the most suitable plan options for their employees. We offer large group health insurance benefits with a selection of thirteen diverse medical plans. Each of these plans are fully insured, guaranteeing long-term rating stability. In addition to medical plans, our offerings include a wide range of dental, vision, life, Accidental Death and Dismemberment (AD&D), and disability income protection options. We also provide group and voluntary life and disability products, worksite plans, Section 125 plans, Health Reimbursement Arrangements (HRA) and Flexible Spending Accounts (FSA). Our commitment to excellent service is reflected in our dedicated customer service representatives who are available to address any issues or questions. We ensure that our members can speak with a real person, receive rapid responses and benefit from proactive support. Our goal is to handle each issue with the care and attention you deserve, enhancing your overall experience and satisfaction with our services. Supporting Statistics 1. Employee Retention and Benefits: According to a survey by the Society for Human Resource Management (SHRM), 92% of employees indicated that benefits are important to their overall job satisfaction, and 29% of employees cited benefits as a top reason for leaving their job. 2. Health Insurance Costs: The Kaiser Family Foundation reports that in 2023, the average annual premiums for employer-sponsored health insurance were $7,739 for single coverage and $22,221 for family coverage. Managing these costs effectively while providing valuable benefits is essential for employers. 3. Dental and Vision Coverage: A study by the National Association of Dental Plans (NADP) found that 77% of Americans had dental benefits, and employees with dental coverage are more likely to visit the dentist regularly, which contributes to overall health. Vision insurance also plays a critical role, with the Vision Council noting that eye exams can detect early signs of chronic conditions such as diabetes and hypertension. 4. Disability Insurance: The Council for Disability Awareness states that more than 25% of today’s 20-year-olds will become disabled before they retire. Offering disability income protection can provide employees with peace of mind, knowing they have financial support if they are unable to work due to a disability. By providing a comprehensive and affordable benefits package, employers can not only attract and retain top talent but also ensure their workforce is healthy, satisfied and productive. For questions or more information on NHADA insurance plans, please contact me directly at lpreve@nhada.com or (603) 224-2369. Sources 1. Society for Human Resource Management (SHRM). “Employee Benefits: The Importance of Employee Benefits to Workforce Retention and Job Satisfaction.” 2023. 2. Kaiser Family Foundation. “2023 Employer Health Benefits Survey.” 2023. 3. National Association of Dental Plans (NADP). “2023 Dental Benefits Report.” 2023. 4. Vision Council. “The Role of Vision Benefits in Employee Health and Wellness.” 2023. 5. Council for Disability Awareness. “The Disability Divide: Employer Perspectives on Disability Benefits.” 2023. 17
RkJQdWJsaXNoZXIy MTg3NDExNQ==